Elastica

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Problem Statement

Elastic supply currency to steer a middle path between inflation and deflation. We monitor economic conditions of any economy and depending on what are equation tells us we either increase our currency supply or decrease our currency supply.We use the quantity theory of money as our theoretical base. It states that prices (inflation) are determined by the total amount of money available for spending in a given period of time in relation to the total amount of things (real values) available for purchase in that same period of time. Example equation as follows:Prices = total money supply x money velocity / supply of real values

Solution

chainlink functions will be used to pull data from US economic websites on the following:https://fred.stlouisfed.org/series/GDPC1#:~:text=Real%20gross%20domestic%20product%20is,the%20United%20States%20(NIPA).https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2V